Islamic banking and finance value pack (56144665) - Online

Islamic banking and finance are based on shari'a, or Islamic law. To comply with shari'a, Islamic financial institutions must meet requirements such as avoiding riba (interest) and not engaging in activities that are forbidden under Islamic law. A wide range of shari'a-compliant financial products and services are available. It is a growing market, with products/services offered by both Islamic and conventional banks worldwide. Estimates suggest that financial assets complying with Islamic law are worth around USD 2 trillion today.